Resurgere Mines & Minerals India (NSE:RMMIL) ROCE % : -7.02% (As of Mar. 2018)

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What is Resurgere Mines & Minerals India ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Resurgere Mines & Minerals India's annualized ROCE % for the quarter that ended in Mar. 2018 was -7.02%.

Resurgere Mines & Minerals India ROCE % Historical Data

The historical data trend for Resurgere Mines & Minerals India's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Resurgere Mines & Minerals India ROCE % Chart

Resurgere Mines & Minerals India Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

ROCE %

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-6.19

-8.10

-11.43

-7.48

-7.02

Resurgere Mines & Minerals India Semi-Annual Data
	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18
ROCE %	Get a 7-Day Free Trial						-6.19	-8.10	-11.43	-7.48	-7.02

Resurgere Mines & Minerals India ROCE % Calculation

Resurgere Mines & Minerals India's annualized ROCE % for the fiscal year that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2018 )		(A: Mar. 2017 )		(A: Mar. 2018 )
	=	-238.474	/	( ( (8163.526 - 4496.034)	+	(7976.491 - 4852.306) )	/ 2 )
	=	-238.474	/	( (3667.492	+	3124.185)	/ 2 )
	=	-238.474	/	3395.8385
	=	-7.02 %

Resurgere Mines & Minerals India's ROCE % of for the quarter that ended in Mar. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2018 )		(Q: Mar. 2017 )		(Q: Mar. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2018 )		(Q: Mar. 2017 )		(Q: Mar. 2018 )
	=	-238.474	/	( ( (8163.526 - 4496.034)	+	(7976.491 - 4852.306) )	/ 2 )
	=	-238.474	/	( ( 3667.492	+	3124.185 )	/ 2 )
	=	-238.474	/	3395.8385
	=	-7.02 %

(1) Note: The EBIT data used here is one times the annual (Mar. 2018) EBIT data.

Resurgere Mines & Minerals India (NSE:RMMIL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

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Resurgere Mines & Minerals India (NSE:RMMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resurgere Mines & Minerals India Ltd (NSE:RMMIL) » Definitions » ROCE %

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N/A

Address

15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038

Website

http://www.resurgere.in

Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

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